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4. You are evaluating a firm with 275 M fully-diluted shares outstanding. Its recently released 10-K reports net income of $635 M. If a lagged

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4. You are evaluating a firm with 275 M fully-diluted shares outstanding. Its recently released 10-K reports net income of $635 M. If a lagged P/E multiple of 19.5x is appropriate, what is the implied total equity value for this firm? What is the implied price per share

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